The study was focused on the effects of Agricultural sector reforms on the performance of some quoted Agric-based companies on the Nigerian Stock Exchange (1993-2007). The variables of the study were measured and analyzed statistically using financial ratios such as Return on Equity (ROE), Average Price/Stock Price per Share, Earnings Yield, Dividend Yield, Price-Earnings Ratio, etc. These helped to ascertain the financial conditions of the firms and regression analysis was used to capture the performance of the Agric-based companies with regards to the reforms in the Agricultural Sector in Nigeria. Cobb-Douglas explicit functional model was selected as the lead equation based on econometric, economics and statistical criteria. The results showed the significance of price earnings ratio, net assets per share, dividend yields as well as the dummy variables for Okomu Oil Palm Plc and the results further reflected that the reforms during the periods under review has significantly stimulated the market and operational performance of Okomu Oil Palm Plc and Nestle Nigeria Plc. Based on some indicators; it was shown that these companies has made considerable progress over time.
PAPER TITLE :EFFECTS OF AGRICULTURAL SECTOR REFORMS ON THE PERFORMANCE OF SOME QUOTED AGRIC-BASED COMPANIES ON NI
APPLIED TROPICAL AGRICULTURE | VOLUME 21 NUMBER 2 2016
- Author(s) : Ayegbokiki, A.O.1*; Arigbede, H.O.2; Okuneye, P.A.3; Ayinde, I.A.3 and Adeoye, S.O.3